- by New Deal democrat
My “Weekly Indicators” post is up at Seeking Alpha.
There’s always some noise in the high frequency data, and this week that noise was in the positive direction, as almost all of the coincident data shows strength.
On the other hand (and this is the economy we’re talking about, there’s always an “other hand,” long term interest rates increased, which made a major dent in mortgage related markers. This is called a “bearish steepening,” becuase the yield curve gets more un-inverted, but not because of lower rates.
As always clicking over and reading will bring you up to the virtual moment as to the state of the economy, and reward me a little bit for correcting and organizing it for you.
